Word: houghtons
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...idea was that by combining content with distribution and cross-promoting the heck out of every film, TV show, song, book and video game the creatives could muster, Vivendi Universal could deliver high-octane growth. To bolster that vision, Messier spent 2001 bulking up with acquisitions: publisher Houghton Mifflin ($2.2 billion), the music website MP3.com ($372 million), the TV and film assets of Barry Diller's USA Networks ($10.3 billion) and a 10% stake in the EchoStar satellite TV service ($1.5 billion). He created a joint headquarters in New York City and moved there in part to reassure U.S. investors...
...some point in the past year, people asked themselves the question, When is it O.K. to stop crying and start laughing again? Jonathan Safran Foer's first novel, Everything Is Illuminated (Houghton Mifflin; 276 pages), is a very funny book about very tragic times, and it's just a little bit nervous about being so funny. After one comic aside, the narrator--a Ukrainian would-be hipster (and remedial English student) named Alexander Perchov--feels as if he has to reassure his audience: "It was not wrong to make a funny here. It was the right thing...
...Houghton became CEO of Corning in 1983, succeeding his older brother, Rep. Amory Houghton Jr. ’50 (R-N.Y.). Houghton’s great-great-grandfather founded the company and seven Houghtons have served as its chief executive...
When James Houghton first became CEO at Corning, nearly 70 percent of Corning’s revenues came from cyclical, slow-growth businesses...
...Houghton sold off units in laboratory glassware, electronics and light bulbs and spent $500 million on high-profit ventures in laboratory services and fiber optics...